1 / 7

Minister Axel Addy Ministry of Commerce & Industry LIBERIA PPD Public Sector Co-Chair March 2014

Minister Axel Addy Ministry of Commerce & Industry LIBERIA PPD Public Sector Co-Chair March 2014. Agenda. Liberian Context What is the LBBF? LBBF Working Groups Challenges. Liberian Context.

shiro
Download Presentation

Minister Axel Addy Ministry of Commerce & Industry LIBERIA PPD Public Sector Co-Chair March 2014

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Minister Axel AddyMinistry of Commerce & IndustryLIBERIA PPD Public Sector Co-ChairMarch 2014

  2. Agenda • Liberian Context • What is the LBBF? • LBBF Working Groups • Challenges

  3. Liberian Context • Following a protracted civil conflict that lasted over a decade, Liberia has been on the road to recovery and peace since late 2003. • The country was left with weak infrastructure and institutions and a battered economy. • In 2006, the Liberian Government requested assistance from the World Bank Group to help fuel private sector growth and attract both domestic and foreign investment. • After supporting initial administrative reforms and providing diagnostic support, the Bank Group focused on public-private dialogue as a way of providing advocacy support for the passage of key laws and reforms to improve the overall investment climate.

  4. What is the LBBF? • In July 2007 the Liberian Better Business Forum was launched and officially endorsed by Liberia’s government and private sector as a new mechanism to facilitate dialogue on investment climate issues. • The forum brings together the GOL and the private sector to engage in constructive dialogue on identifying, prioritizing, and resolving key constraints to private sector development. • The structure of the forum includes 3 bodies and the public and private sector share equal representation on the Governing Board and Working Groups.

  5. Working Groups • There are currently five LBBF Working Groups based on the business constraints prioritized by the forum’s membership. • Corruption • Tax Rates & Procedures • Access to Finance • Access to Electricity • Customs Rates & Procedures

  6. Challenges • Sustainability of reforms already enacted in addition to monitoring. • Capacity of all stakeholders to advocate for and research reforms • Ensuring budgetary support from both the Government and Private Sector once transition has been implemented. • Capacity building of the forum’s Secretariat post-transition • Ensuring GOL and Private Sector stays engaged and motivated to pass reforms based on recommendations from the forum post-transition • Specifically once a new administration has taken over in 2017

  7. On the Road to Recovery !!

More Related